banner_ad

Ios by purchase of immovable property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
23 July 2013 U/s 56, in case difference between consideration for purchase of immovable property by Individual or HUF and the value of property for payment of stamp duty exceeds by Rs.50000, the entire difference is treated as IOS. What is the case when more than one multiple owners purchases the property. Will the difference be taxed on the first name appearing in the agreement or equally amongst all or at the hand of each co owner purchasing?
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
23 July 2013 TAX AMOUNT PAID IN RATION OF PRORERY AMOUNT INVESTED BY EACH CO -OWNER
Profile Image

Sunil

Profile Image

Sunil (Querist)
23 July 2013 Rupeshji if 4 owners buy and difference is below 2 lakhs, do each get benefit of 50000
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
01 May 2026
Chartered Accountant

Agrawal Jain & Co.

Raipur

CA

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details